What are the components of a typical successful e-commerce transaction

E-commerce does not refer merely to a firm putting up a Web site for the purpose of
selling goods to buyers over the Internet. For e-commerce to be a competitive alternative
to traditional commercial transactions and for a firm to maximize the benefits
of e-commerce, a number of technical as well as enabling issues have to be considered.
A typical e-commerce transaction loop involves the following major players and
corresponding requisites:
The Seller should have the following components:
● A corporate Web site with e-commerce capabilities (e.g., a secure transaction
server);
● A corporate intranet so that orders are processed in an efficient manner; and
● IT-literate employees to manage the information flows and maintain the e-commerce
system.